Delhi Court Sends Ex-RAAG Executive Sateesh Seth to Judicial Custody Till July 2

A Delhi court on Thursday remanded Sateesh Seth , former Managing Director of the Reliance Anil Ambani Group (RAAG) , to 14 days in judicial custody in connection with a money laundering case linked to alleged hawala transactions and fund diversion.

Vacation Judge Rashmi Gupta ordered Seth's judicial custody till July 2 after the Enforcement Directorate (ED) informed the court that his six-day custodial interrogation had been completed.

The court permitted Seth to carry his glasses and medicines prescribed by a doctor while in jail. It also directed prison authorities to consider his request for a bed in accordance with jail regulations.

Seth was produced before the court a day before the expiry of the six-day ED custody granted on June 14.

The ED arrested Seth as part of an investigation into allegations that funds were siphoned abroad through hawala channels using fictitious bills generated against allegedly overvalued diamond imports .

According to the agency, its probe under the Prevention of Money Laundering Act (PMLA) identified Reliance Infrastructure Ltd. as the primary beneficiary of an alleged large-scale financial fraud involving the diversion of public funds from two National Highways Authority of India (NHAI) road projects the Jaipur-Reengus toll road project and the Trichy-Karur toll road project .

The agency has alleged that Reliance Infrastructure was among several corporate entities that used shell companies to transfer funds overseas and siphoned off nearly ₹92 crore .

The money laundering case stems from an Enforcement Case Information Report (ECIR) registered by the ED on the basis of an FIR lodged by Mumbai Police in February 2026.

While granting ED custody on June 14, the court had observed that, considering the nature of the allegations and Seth's alleged role in the offence, detailed and sustained interrogation was necessary for the ongoing investigation.